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Real Estate Prices & Overview

Breckenridge / Gilead Ridge median real estate price is $590,653, which is more expensive than 90.6% of the neighborhoods in North Carolina and 79.0% of the neighborhoods in the U.S.

The average rental price in Breckenridge / Gilead Ridge is currently $3,521, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 96.6% of the neighborhoods in North Carolina.

Breckenridge / Gilead Ridge is a suburban neighborhood (based on population density) located in Huntersville, North Carolina.

Breckenridge / Gilead Ridge real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Breckenridge / Gilead Ridge neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

In Breckenridge / Gilead Ridge, the current vacancy rate is 1.1%, which is a lower rate of vacancies than 91.5% of all neighborhoods in the U.S. This means that the housing supply in Breckenridge / Gilead Ridge is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Huntersville, the Breckenridge / Gilead Ridge neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

The Breckenridge / Gilead Ridge neighborhood is considered a solid choice for executive lifestyles. NeighborhoodScout's analysis ranks it as better than 92.2% of North Carolina neighborhoods for executive living, based on the wealthy, educated professionals, executives, and managers who choose to reside here, the spacious homes that are prominent features of the real estate in the neighborhood, and the high real estate appreciation rates found here relative to other neighborhoods in the state. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children and active retirees.

Diversity

Significantly, 6.9% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 99.3% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Breckenridge / Gilead Ridge neighborhood in Huntersville are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 87.7% of the neighborhoods in America. In addition, 0.7% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 79.6% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Breckenridge / Gilead Ridge neighborhood, 58.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 17.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (14.4%), and 9.8% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Breckenridge / Gilead Ridge neighborhood is English, spoken by 84.1% of households. Other important languages spoken here include Korean and Spanish.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Breckenridge / Gilead Ridge neighborhood in Huntersville, NC, residents most commonly identify their ethnicity or ancestry as Irish (15.3%). There are also a number of people of German ancestry (13.9%), and residents who report Italian roots (12.0%), and some of the residents are also of English ancestry (10.6%), along with some Asian ancestry residents (10.1%), among others. In addition, 12.1% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Breckenridge / Gilead Ridge neighborhood spend between 15 and 30 minutes commuting one-way to work (30.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (67.2%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (9.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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